NEO GOVERNANCE DISPUTE ESCALATES

Erik Zhang, #NEO @Neo_Blockchain co-founder and core developer, has publicly accused founder Da Hongfei @dahongfei of failing to honor financial disclosure commitments, calling on him to release a complete and verifiable financial report of the Neo Foundation (NF), including a detailed breakdown of assets and expenditures, in response to long-standing community concerns over transparency and governance. Erik stated that both sides had previously reached an agreement under which, starting January 1, 2026, Da Hongfei would step away from matters related to the Neo mainnet and instead focus on #NeoX and #SpoonOS. In response, Da Hongfei claimed that Erik effectively controls the majority of Neo’s funds and consensus voting power, and accused him of repeatedly delaying the transfer of personally held $NEO / $GAS tokens to a foundation-managed multisig wallet—arguing that such actions amount to “protocol capture” at the expense of the community and token holders.